Forex market is open for 24 hours, but there are some critical time periods that a trader can exchange to maximize the gains. There are some periods in which the trade volume is maximum and some in which the trade volume is minimum. Therefore, the Forex trading market has been split into three major sessions and those are;
European Forex Session
After the Asian trading session is over, the European session starts. London is the major trading center and the business starts from 7 am to 4 pm GMT. - Asian Session (Tokyo)
- European Session (London)
- North American Session (New York)
Asian Forex Session
This session is run by the Tokyo center in Japan starting from 11 pm to 8 am GMT.European Forex Session
North American Forex Session
Best Time to Trade
Now you know there are three sessions and time slots to make a trade. We have to select the best time slots which are more volatile and active in order to obtain an output. If you want to trade during the daytime, the London session is the best.
During the time slot in which London and New York overlaps is the best for trading because the volatility is very high during the overlapping period from 8 am to noon. The other overlap London/Tokyo from 3 am to 4 am is also a volatile period but not as London/New York overlap period.
So it is better to trade from 8 am to noon. But most importantly, you have to check your local time and the overlapping period to make sure the correct time period.
The best days for days for Forex trading are Tuesday, Wednesday and Thursday
After several hours from the Asian session, this session starts and New York is the trading city. Session starts from 12 pm to 8 pm GMT.
Best Time to Trade
During the time slot in which London and New York overlaps is the best for trading because the volatility is very high during the overlapping period from 8 am to noon. The other overlap London/Tokyo from 3 am to 4 am is also a volatile period but not as London/New York overlap period.
So it is better to trade from 8 am to noon. But most importantly, you have to check your local time and the overlapping period to make sure the correct time period.
The best days for days for Forex trading are Tuesday, Wednesday and Thursday
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